24 Compton Rd Cincinnati, OH 45216-1000

This fully leased, 15,525 square foot medical office building presents a compelling investment opportunity in Cincinnati, Ohio. Located at 24 Compton Rd, 45216, this Class B property boasts a strong 11.28% capitalization rate and a substantial net operating income (NOI) of $186,159 annually. The asking price is $1,650,000. Built in 1964 and extensively renovated in 2024, the two-story building features modern office and medical finishes, appealing to a diverse tenant base. Currently housing twelve tenants with 100% occupancy, the lease type is modified, and the property is zoned B-2. Ample parking is available with 39+ surface spaces (2.5 per 1000 square feet). The building benefits from high visibility on Compton Road, enhanced by a prominent monument sign. Convenient access to SR-126 adds to its strategic location. The property's strong financial performance, coupled with its desirable location and recent renovations, makes it an attractive investment for discerning buyers. The building's first-floor spaces offer retail appeal, further enhancing its versatility and potential for future growth. The property's APN is 590-0081-0018-00. The occupancy date is October 8, 2024.